This home sits on a good size parcel of land and has the advantage of having a minimal street setback which allows for excellent use of the rear yard space for an extensive renovation. The property sits within a heritage overlay zone so buyers need to be mindful of keeping features and facade when planning any renovation. The land size allows the opportunity for an extensive single storey or double storey extension to the property however, given the current state of the property, significant capital will be required to complete the renovation.
The top of the quote range represents $3,800 per square metre in land value which is bullish for this pocket of Brighton, especially considering the capital investment required however, may attract the right buyer given the possibilities.
Positioned in a good location close to cafes and transport.
- Excellent land size
- Good location
- Scope to extensive renovation
- Heritage overlay
- Significant capital required for renovation
- Lacks natural light